Australian Dollar

By Chris Becker  The risk complex is getting increasingly concerned about the Chinese virus, but in reality anything could send the bubble popping, with stock markets in particular still extremely overextended.

Fear is starting to spread among the bubblish risk markets across Asia with the Chinese virus contagion sending stocks sharply lower ahead of the Lunar New Year holiday.

By Chris Becker  European markets fell overnight as Wall Street barely eked out a scratch session, while the bond market and USD went nowhere in a hesitant fashion across the risk complex.

It’s increasingly likely that China is going to have to rerun its draconian SARS episode to stop the new coronavirus.

Markets in Asia have rebounded having absorbed the Chinese virus fears with a sea of green across stocks and European/US futures looking bullish.

By Chris Becker  Risk markets are getting nervous about the Chinese virus outbreak which sent Wall Street lower overnight while gnashing of teeth in Davos at the World Economic Forum did nothing to persuade further selloffs.

There are two angles to examine as coronavirus spreads in China and South East Asia.

Markets took a sudden dive on risk today here in Asia on the back of the Chinese virus news with Yen safe haven buying exarcebating the fear.

Markets have just caught a cold as Bloomie updated the latest propaganda from China on coronavirus: The outbreak of a virus originating in central China entered a new phase of severity as multiple medical workers were reported to have been infected and the death count grew to four people.

Not much point with charts today with the US closed.

By Chris Becker  A public holiday on Wall Street was enough to take the wind out of the bubble blowers overnight with European markets putting in mild scratch session, while bond markets drifted around.

Asian stock markets are creeping ever higher, lifting by the megabullish sentiment on Wall Street from Friday night with more record highs and new yearly highs the order of the day.

By Chris Becker  Another record night on Wall Street as institutional memories of past bubbles are erased and everyone presses the buy button!

Friday night DXY took off.

It’s all guns blazing, bulls let loose in China shops – well, except China – as Asian stock markets are buoyed by the overnight lift on Wall Street with record highs and new yearly highs the order of the day.

Via Fox: White House officials are scrambling to produce an election year fiscal stimulus plan that is likely to include tax cuts to juice the economy and stock market ahead of the 2020 presidential contest, FOX Business has learned.

By Chris Becker  Today in Asia, markets will be watching the Chinese Q4 GDP print and have a wave of bullishness behind them if it all goes to plan as Wall Street made yet another record high in the wake of solid retail sales data for December.

DXYwas firm last night.

Most Asian stock markets remained where they started trading today as the response to the signing of the US/China trade deal was not as bullish as expected.

By Chris Becker  Depsite the signing of the Phase 1 trade deal between China and the US, sentiment soured overnight with Wall Street just scraping in with scratch session with focus actually on the impending impeachment trial in the Senate.